LONDON (ICIS)--Here are the July IPEX values and details of the major commodity petrochemical and polymer contract and average spot price movements for the month.IPEX IPEX Value June to July change Global 278.59 -0.89% US 269.71 -1.37% Northwest Europe 320.46 -0.24% Northeast Asia 266.43 -0.94% Major price rises in July Commodity Region Month on month rise Methanol Northwest Europe 10.46% Benzene Northwest Europe 5.07% Ethylene US 4.72% Major price falls in July Commodity Region Month on month fall Toluene US -6.77% Benzene US -5.02% Polystyrene Northeast Asia -4.93%
- Sharp price rises for European methanol and benzene in July failed to offset falls in US benzene and toluene.
- US toluene fell during July as gasoline demand stabilised, refinery rates trended up and supply improved.
- Prices for NWE methanol rose the most sharply during July on the back of plant turnarounds and logistical delays.
Additional reporting by Tracy Dang and Niall Swan
Global and regional IPEX data are available here The ICIS Petrochemical Index methodology is available here
The ICIS petrochemical index tracks the movement of 12 major petrochemicals and polymers: ethylene, propylene, butadiene, benzene, toluene, paraxylene (PX), polyethylene (PE), polypropylene (PP), styrene, polystyrene (PS), methanol and polyvinyl chloride (PVC) with the regional indexes weighted by capacity.